IMF Archives – CEO East Africa

IMF predicts AI will affect 40% of all jobs, worsen inequality

by CEO ReporterIndustry & AnalysisJanuary 16, 2024January 16, 2024

Artificial intelligence is set to affect nearly 40% of all jobs, according to a new analysis by the International Monetary Fund (IMF). IMF’s managing director Kristalina Georgieva says “in most…

COVID Cash: MPs Demand an Audit

by URNFinanceJanuary 27, 2021January 27, 2021

Members of the budget committee of Parliament have demanded for an audit into the funds received by government to handle the COVID-19 pandemic. The demand was put to the Finance…

Gov’t to borrow a record UGX5.7 trillion for Covid-19, roads, health and private sector

by Muhereza KyamuteteraThe Big StoryMay 21, 2020May 21, 2020

Government of Uganda is to borrow up to USD1.51 billion (UGX5.7 trillion) from various multilateral lenders, once Parliament approves the motions tabled before it. According to a parliament brief to…

COVID-19: IMF approves UGX1.9 trillion loan to Uganda

by Muhereza KyamuteteraThe Big StoryMay 7, 2020May 7, 2020

The Executive Board of the International Monetary Fund (IMF) on Wednesday, May 6th approved a disbursement of USD491.5 million (UGX1.87 trillion) under the Rapid Credit Facility (RCF) to help deal with the effects of Covid-19. According to an IMF media release, the money is to “finance the health, social protection and macroeconomic stabilization measures, meet the urgent balance-of-payments and fiscal needs…

Bulgarian Economist Kristalina Georgieva Appointed as the New Head IMF

by CEO ReporterThe Big StorySeptember 26, 2019September 26, 2019

Ms Georgieva, who was previously chief executive of the World Bank, becomes the first person from an emerging economy to lead the IMF. She will succeed Christine Lagarde, who is…